Simplo expects dramatic growth in electric bicycle battery business

www.digitimes.com
Aaron Lee, Taipei; Joseph Tsai,

Battery module maker Simplo Technology expects its shipments for electric bicycles to grow over 100% on year in 2017 and will rise another 75% in 2018. Company chairman Raymond Sung noted that the electric bicycle market will see around 20% on-year growth in scale and Simplo is currently only behind Germany-based Bosch in the market in terms of shipments, but is looking to take the lead in the near future.

Simplo is the largest notebook battery supplier in the world, but has been eagerly pushing developments of non-notebook battery modules in the past few years because of increasing competitions from China competitors and the stagnated notebook shipment growth.

Simplo has been pushing to enter markets including thgose for electric bicycles, datacenter power backup, UPS and automation equipment batteries. So far, Simplo has seen the quickest development in the electric bicycle segment with many Japan-based brand vendors already releasing related products and demand from Europe also starting to pick up…

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Simplo expects dramatic growth in electric bicycle battery business
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